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BUL 2131-12 Applied Business Law

Anonymous

labelBusiness

timer
Asked: Oct 14th, 2014

Question description

Assume you are a business person with an opportunity to make
more money by meeting with competitors and fixing prices, conduct which is
illegal. The authorities will not discover that the prices have been fixed. In
fact, the price rise could be small-pennies per item-but the increases in net
profit could be considerable.

Is
this price-fixing fair? Ethical? Socially responsible?

Does
it make any difference what the extra profit is used for such as charity,
employee raises, or expansion?

Would
your answer be different if there was an even chance that you would be
caught?